March 20, 2013 / 8:08 PM / 4 years ago

Oracle's new software sales fall 2 percent

SAN FRANCISCO, March 20 (Reuters) - Oracle Corp on Wednesday posted a 2 percent drop in new software sales and Internet-based software subscriptions to $2.3 billion in its fiscal third quarter, below its own forecasts.

The world's No. 3 software maker had forecast a 3 to 13 percent jump in new software license and cloud subscription revenue. Investors scrutinize new software sales because they generate high-margin, long-term maintenance contracts and are an important barometer of future profit.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below